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198 N Main Street, #C-3, Rutland City, VT, 05701 | $118,000
This attractive 1, 232 sf Professional Office Condominium at Pond Meadow Park offered FOR SALE well below its City-Appraised $124, 500; and FOR LEASE @ $12. 18/sf, ($1, 245/mo. ), NNN, with Net Expenses estimated at $11. 36/sf, ($1, 166/mo) including heat & electric. In excellent high-traffic (15, 000 ADT rounded) location with plenty of on-site parking (30 cars + or-), beautifully landscaped grounds and pastoral views across Tenney Brook picnic area. Currently configured as a 5-room dental office: reception, private office, plus smaller adjacent office/lab, storage room patient servicing office areas (3). An accessible restroom is in the common area, and a non-ADA half-bath is within the 1232 sf of subject unit. Additionally Unit C-3 shares a large well-appointed client lounge with plenty of natural light, a common break-room and an approx. 6'x8' storage closet. The Condo Owners Association re-surfaced the roof about 10 years ago, replaced the furnace, and upgraded the entry walkway, hallway and restrooms. Subject unit has an undivided 6. 59% interest in the land, and a 20% interest in the Commercial Office Bldg. Owner will seriously consider all offers! Buy with as little as 15% down with SBA 504 Loan!
Features
- Property Type: Office
- Construction: Wood Exterior
- Parking: On-Site
- Heating: Forced Air,Oil
- Zoning: Gateway Business N Main S
- Frontage: 245
- Year Built: 1974
- Approx Sq. Feet: 1,230
- Acreage: 1.45
- Est. Taxes: $4,437
- MLS#: 4941426
- Website: https://www.raveis.com
/prop/4941426/198nmainstreet_rutlandcity_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/22/2024Listing courtesy of Ault Commercial Realty, Inc. Phone: 802-773-0600
Listing Agent: Ray Ault
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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
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198 N Main Street, #C-3, Rutland City, VT, 05701
$118,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Brian Skelly
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $94,400 | $94,400 | $94,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
| Monthly Tax Payment | $370 | $370 | $370 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $636 | $627 | $796 |
| Total Monthly Payment | $1,081 | $1,072 | $1,241 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484